Page 2257 - Company News

Daimler India breaches pre-Covid levels with record exports

Daimler said India was a key hub for its trucks, with the Indian subsidiary not only serving the 'growing' domestic demand, but also shipping to over 60 destinations across the globe

Aditya Birla Money allots 1.6 mn non-convertible preference shares

Non-convertible redeemable preference shares are preference shares that can be redeemed and do not include a preference share that is convertible into or exchangeable with equity shares of the issuer

Sigachi Industries, which saw bumper listing, bags LoI from Grasim

Sigachi Industries got a bumper listing and secured number one position in 2021 with a gain of 270%

Qualcomm tops global smartphone apps chip market with double-digit growth

The global smartphone applications processor (AP) market grew 17 per cent to $8.3 billion in the third quarter (Q3) this year, with Qualcomm and MediaTek posting double-digit growth

Attero to invest Rs 300 crore to ramp up battery recycling capacity

E-waste recycling firm Attero is planning to invest Rs 300 crore in a bid to increase its existing lithium-ion battery recycling capacity by 11 times to 11,000 tons

Ola's dream of biggest e-scooter factory hits hurdle amid dearth of chips

Mass production of Ola e-scooters is likely to be pushed back until at least January

EESL targets installation of 1.6 cr more 'smart LED' streetlights by 2024

The state-run Energy Efficiency Services Ltd (EESL) is targeting to install an additional 1.6 crore 'smart LED' streetlights across the nation by 2024.

IGX awaits regulatory reforms to meet mandate of expanding fuel access

The Indian Gas Exchange, which opened for business last year, is waiting for regulatory reforms to achieve its mandate of expanding access to the fuel

Hero MotoCorp announces upward revision in prices, stock rises nearly 2%

The price revision will be up to Rs 2,000 and the exact quantum of increase will depend on the model and the market

Insurance broker Marsh increases stake in Marsh India from 49% to 92%

Global insurance broker and risk advisor Marsh on Thursday said it has raised its shareholding in Marsh India Insurance Brokers Pvt Ltd to 92 per cent from 49 per cent.

GMR Infrastructure gets NCLT nod for demerger of non-airport business

GMR Infrastructure had unveiled the rejig plan on August 27 last year, to simplify the corporate holding structure and to attract sector-specific global investors

Indian Oil Corporation, Adani Total Gas top bidders for city gas licenses

Adani group had originally ventured into city gas business in a joint venture with IOC but it later tied up with Total. Adani and IOC did not put any combined bid in the latest bidding round

Amazon likely to face regulatory challenges to buy Catamaran JV

On August 09, 2021, the partners had announced their decision to not continue the JV beyond the end of its current term in May 2022

Air India bookings hit as inventory goes off platforms for travel agents

Travel association seeks clarity from national carrier about the problem in their peak business season

Air France-KLM and IndiGo to start codeshare agreement in 2022

With this new partnership, Air France and KLM will offer their customers access to 25 new Indian destinations

Easing supply and pent-up demand to boost auto sales: A CRISIL analysis

Commercial vehicle (CV) volumes are expected to rise 20-22 per cent this fiscal, aided by economic recovery and the government's infra spending.

HSBC's AMC acquires L&T Mutual Fund business for $425 million

If the conversion rate of Rs 75 is taken, the deal will be worth approximately Rs 3,188 crore

ED slaps Rs 80-cr fine on Magma HDI, Sanjay Chamria, Mayank Poddar

The total amount of penalty of Rs 80 crore is to be deposited within 45 days from the date of receipt of this order

IOC to invest Rs 9,028 crore for setting up a new crude oil pipeline

IOCL operates a network of more than 15,000-km long crude oil, petroleum product and gas pipelines

Brazil's Vale sells coal assets to Jindal's Vulcan Minerals for $270 mn

Vulcan is a private company and part of $18-billion Naveen Jindal Group